JetBlue Airways’ net income down 58% in first quarter 2017

April 25, 2017 · 138 Views

JetBlue Airways reported first quarter 2017 operating income of US$147m, a decline of 57.9% from the first quarter of 2016. The airline posted pre-tax income of US$126m, a…

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Dubai Aerospace Enterprise acquires AWAS to create top-10 aircraft leasing company

April 24, 2017 · 256 Views

Through the signing of a definitive agreement, Dubai Aerospace Enterprise (DAE) has announced its intention to acquire the AWAS group of companies, a leading global aircraft leasing company.…

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HEICO Corporation reports 25% increase in credit facility

April 24, 2017 · 67 Views

HEICO Corporation have increased its revolving credit facility to US$1bn, which is a US$200m, or 25%, increase to the Facility’s previous, US$800m limit. This Facility’s term expires in…

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Republic Airways plan of reorganization receives final approval

April 23, 2017 · 246 Views

Republic Airways Holdings, the parent of Republic Airline, one of the largest independent regional airlines in the United States, released that the Honorable Judge Sean Lane of the…

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Honeywell delivers US$1.71 earnings per share, up 10%

April 23, 2017 · 234 Views

Honeywell reported a strong start to 2017, with over 2% organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly US$800m that…

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Rockwell Collins reports second quarter financial results

April 23, 2017 · 82 Views

Rockwell Collins has reported sales for the second quarter of fiscal year 2017 of US$1.34bn, a 2% increase from the same period in fiscal year 2016. Second quarter…

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United Airlines reports first-quarter 2017 performance

April 18, 2017 · 194 Views

For the first quarter of 2017, United Airlines reported that revenue was US$8.4bn, an increase of 2.7% year-over-year. First-quarter 2017 consolidated pssenger revenue per available seat mile (PRASM)…

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Rockwell Collins’ acquisition of B/E Aerospace gets EC clearance

April 12, 2017 · 240 Views

Under the EU Merger Regulations, the European Commission has given the go-ahead to the acquisition of B/E Aerospace by Rockwell Collins. The Commission decided that a merger of…

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Delta’s first quarter net income down 36%

April 12, 2017 · 215 Views

Delta Air Lines reported financial results for the March quarter 2017. Adjusted pre-tax income for the March 2017 quarter was US$847m, a US$713m decrease from the March 2016…

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DAE reports full year 2016 financial results

April 11, 2017 · 86 Views

Dubai Aerospace Enterprise (DAE) has reported financial results for full year 2016. Total revenue amounted to US$417.8m (AED 1,534m) for full year 2016, an increase of 22% from…

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Astronics Corporation acquires Custom Control Concepts

April 7, 2017 · 371 Views

Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, has purchased the operating assets of Custom Control Concepts (CCC),…

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Avolon completes US$10.38bn acquisition of CIT Group aircraft leasing business

April 4, 2017 · 114 Views

Avolon Holdings, the international aircraft leasing company, has completed the acquisition of the aircraft leasing business of CIT Group. Avolon is now the world’s third largest aircraft leasing…

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ATSG’s Bank Credit Facility expands to support fleet growth

April 3, 2017 · 117 Views

Air Transport Services Group has obtained lender commitments for a one-year extension through May 2022 of its secured credit facility, and an expansion of its revolver portion. The…

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Kaman increases stake in India joint venture with Kineco

March 30, 2017 · 267 Views

Kaman Aerospace Group, a subsidiary of Kaman Corporation and Kineco Limited reported that Kaman has increased its stake in the parties’ Indian manufacturing joint venture Kineco Kaman Composites…

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IAI posts net loss of US$110m for 2016

March 30, 2017 · 180 Views

Israel Aerospace Industries, Israel’s largest national military and civilian security defense company, issued its consolidated financial statements for the year ended December 31, 2016. The Company reported new…

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Kaney Aerospace acquires BVR Technologies

March 29, 2017 · 261 Views

Kaney Aerospace, an engineering, manufacturing and technology company serving Tier 1 and airframe prime manufacturers, has completed its acquisition of BVR Technologies from Esterline Corporation. The combined company…

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StandardAero agrees to acquire PAS Technologies to expand MRO portfolio

March 29, 2017 · 181 Views

StandardAero has entered into a definitive agreement to acquire PAS Technologies, a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. Terms of the…

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SmartSky Networks secures US$170m Series B financing

March 29, 2017 · 113 Views

SmartSky Networks, reported the closing of over US$170m in a multi-tranche Series B financing, completing the equity funding for the deployment of its nationwide network. With this financing,…

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GE Aviation acquires AirVault

March 27, 2017 · 285 Views

GE Aviation has acquired Critical Technologies, branded as AirVault, a privately-owned supplier of cloud-based digital records management. AirVault’s expertise to digitally manage mission-critical records across an industrial supply…

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BOC Aviation reports another year of record profitability

March 27, 2017 · 86 Views

BOC Aviation Limited reported its audited financial results for the full year ended December 31, 2016. Robert Martin, Managing Director and Chief Executive Officer, said: “2016 was an…

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